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Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing

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Title: Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing
Description: Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model.For a time after the global financial crisis, it appeared that the expansion of a more market-oriented shadow banking system might help sustain China's economic growth. Since around 2015, however, Xi Jinping's regime has reversed this trajectory and placed China's financial system under heavy state control, resulting in slowed economic development and skyrocketing national debt. China's market transition and economic rebalancing are now in doubt, as is the fate of the nation's economy. By pinpointing finance as a vital element of the growth model, Bell and Feng provide a convincing assessment of financial risks and the prospects for economic rebalancing in China.Banking on Growth Models demystifies the world of Chinese banking and finance as it investigates an ever-rising national debt, a declining rate of economic growth, and the possibility of dire and drastic reform by the Asian superpower's government.
Authors: Stephen Bell, Hui Feng
Resource Type: eBook.
Subjects: Banks and banking--China, Financial institutions--China, Finance--China, Finance--Government policy--China
Categories: POLITICAL SCIENCE / Political Economy, BUSINESS & ECONOMICS / Banks & Banking, HISTORY / Asia / China
Database: eBook Collection (EBSCOhost)
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  – Type: ebook-epub
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Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 3088634
RelevancyScore: 1110
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 1109.74133300781
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  Data: Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing
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  Label: Description
  Group: Ab
  Data: Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model.For a time after the global financial crisis, it appeared that the expansion of a more market-oriented shadow banking system might help sustain China's economic growth. Since around 2015, however, Xi Jinping's regime has reversed this trajectory and placed China's financial system under heavy state control, resulting in slowed economic development and skyrocketing national debt. China's market transition and economic rebalancing are now in doubt, as is the fate of the nation's economy. By pinpointing finance as a vital element of the growth model, Bell and Feng provide a convincing assessment of financial risks and the prospects for economic rebalancing in China.Banking on Growth Models demystifies the world of Chinese banking and finance as it investigates an ever-rising national debt, a declining rate of economic growth, and the possibility of dire and drastic reform by the Asian superpower's government.
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  Data: <searchLink fieldCode="AR" term="%22Stephen+Bell%22">Stephen Bell</searchLink><br /><searchLink fieldCode="AR" term="%22Hui+Feng%22">Hui Feng</searchLink>
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RecordInfo BibRecord:
  BibEntity:
    Classifications:
      – Code: 332.0951
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Banks and banking--China
        Type: general
      – SubjectFull: Financial institutions--China
        Type: general
      – SubjectFull: Finance--China
        Type: general
      – SubjectFull: Finance--Government policy--China
        Type: general
    Titles:
      – TitleFull: Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing
        Type: main
  BibRelationships:
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      – PersonEntity:
          Name:
            NameFull: Stephen Bell
      – PersonEntity:
          Name:
            NameFull: Hui Feng
      – PersonEntity:
          Name:
            NameFull: Stephen Bell
      – PersonEntity:
          Name:
            NameFull: Hui Feng
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2022
            – D: 19
              M: 04
              Type: profile
              Y: 2022
          Identifiers:
            – Type: isbn-print
              Value: 9781501762529
            – Type: isbn-print
              Value: 9781501762536
            – Type: isbn-electronic
              Value: 9781501762543
          Titles:
            – TitleFull: Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing
              Type: main
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